Thursday, January 16, 2014

Monday, December 30, 2013

Crystal Balls Proved Reliable for Predicting CRE Market Performance in 2013

Crystal Balls Proved Reliable for Predicting CRE Market Performance in 2013 - CoStar Group

Through the third quarter of this year, investment sales were up 27%,  according to CoStar COMPs data. Industrial investments were up 56% and  office up 27%; however, multifamily investments tapered off this year  and were actually down about 6%.




Predictions - Apartment purchases will pick up early in the year using FNMA loans and lines of credit - FHA 223 will be used primarily for refinances of strong borrowers with good liquidity and non-profit borrowers with good balance sheets due to its long processing time



Then FED taper will bring 50 bases points higher interest rates for ten year loans resulting in sales and refinances slowing in the second half of the year


Lending remains behind pre-recession levels

Total loan balances for all banks in the third quarter were $154.2 billion less than in 2008.

During that time frame, loans at banks with assets of less than $1 billion grew by $28.4 billion, or .7 percent annually, while loan balances for banks with more than $1 billion in assets decreased by $182.8 billion, or .4 percent.

At the same time, total assets for all banks grew by nearly $1.3 trillion, or 1.9 percent.

Much of that asset growth came from securities, or investments, that could pose a problem for banks in the future.
 More and more of those purchased securities are long-term [five years or longer], and they could be problematic as interest rates rise in the future.



Thursday, October 17, 2013

Apartment rates move down on good news the Government is open.FNMA and Freddy open since congress not involved :)


Bad news they went on vacation without re-authorizing FHA lending limit silly guys so no new FHA apartment and home loans resulting in slight downward pressure on home values and owner equity 

Hopefully they will return from vacation refreshed and ready to get America back to bidness

Apartment Loan Rates Link


Tuesday, September 10, 2013

Wednesday, March 20, 2013

Apartment Loan rates March 20, 2013 FHA 223 F FNMA Small loan FNMA













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APARTMENT LOAN RATES 847 903 7578KENDALL REALTY ADVISORSkendallrealty@gmail.com

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FHA
Freddie MacFNMA DUSFNMA SMALL LOAN3/20/2013



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FHA 223 (f) refinance / purchhase35 year term non-recourse Min size $1,500,00083.30% LTV purchase and NO cash out Refinance 87.5% Affordable Housing75% LTV Cash out Refinance 87.5% 100% Affordable Large Loans $25,000,000 to $500,000,000+ subject to Central Review and Approval1.2 to1 DSC - 100% Affordable 1.15 to 1FHA 223(f) Processing times from 4 to 7 months


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ALL IN FHA 223 F 35 YR Apartment rate3.58%add 20 basis points 232 /223 f health care assisted living35 year TERM fixed self amoritzedTypical FHA 223(f) upfront costs $15,000


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Apartment Loan Programswww.kendallrealtyadvisors.com


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FNMA DUSTIER II (2) 1.25 to 1 DSC 75% LTVTIER III (3) 1.35 to 1 DSC 65% LTVTIER IV (4) 1.55 to 1 DSC 55% LTV2 months to commitment max in most casesTypically 30 year amortization balloon lons


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10 Year 9.5 YM4.17%3.98%3.80%Standard DUS PROGRAM nationally $1,000,000 to $100,000,000 plus Application Fee for reports $15,000 most deals very large call for quote

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30 year FNMA 5.35%Call for 5, 7, 15 and 30 yearMIN LOAN AMOUNT $1,000,000LOW COSTS

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SMALL APART LOANTIER II (2) 1.25 to 1 DSC 75% LTVTIER III (3) 1.35 to 1 DSC 65% LTVTIER IV (4) 1.55 to 1 DSC 55% LTV***Nationally - FNMA Specified MSA and all national locations using FNMA rules for rate add on by location and size.***

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10 Year 9.5 YM4.36%4.28%4.08%LOW COST LOANS FOR STRONG BORROWER NET WORTH EQUAL TO LOAN SIZE ONE YEAR Debt Service Liquidity LOANS from $750,000 to $5m - $4,500 app fee cost Major Cities NY, Chicago and more only

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Treasury bond rates0.80%1.30%1.94%3.17%Updated 9:35 am June 11, 2012

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Treasury Bond Term Years571030



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Freddie MacDeal by Deal pricing high 3% to low 5%Typically prefer larger loans large MSA'sDeal by Deal - Up, Down, Equal by 10 to 20 basis points FNMA tier levelTime frame longer approval not delagated add one month over FNMACALL FOR QUOTE (847) 903-7578 FREDDIE MAC FNMA FHA - SCOTTExpanding conservative loans for Student Housing Assisted living

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FNMA LARGE LOAN NATIONALLY $5 Million to $200,000,000 - FNMA "SMALL LOAN" SPECIFIED LARGE MSA - *

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WWW.KENDALLREALTYADVISORS.COM

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Scott and Charles would like to become your multifamily lender contact. We utilizes HUD financing for apartment buildings, nursing homes and assisted living facilities. This could mean providing capital for acquisition, refinance and substantial rehabilitation of existing structures, or it could also involve construction financing for new to-be-built structures. For multifamily projects, there is no alternative financing that can compare to the benefits provided by HUD programs. These programs are non-recourse and do not require personal guarantees from shareholders of the owner corporations. For acquisitions or refinances, owners can borrow up to 85% LTV with DSC of 1.11, and for substantial rehabilitation or new construction, they can borrow up to 90% LTV with DSC of 1.17. The owners of buildings currently insured by HUD can borrow up to the original loan amount of the existing mortgage when completing a streamline refinance.

Amidst the current credit crisis in the financial markets, many conventional lenders face the fear of not being able to fund loans at the closing table. This is because investors in the secondary market have shied away from conventional mortgage backed securities, and hence, there is less liquidity left. With HUD mortgages there is more liquidity in the secondary market due to the insurance of the government. Therefore, borrowers have the security of knowing that their loans will close when using a HUD mortgage.

Scott and Charles Kendall combned have over fifty years of HUD underwriting and origination experience. We take pride in being a highly efficient, competitive and well qualified organization. Scott and Charles Kendall will continue to provide real solutions quickly and deliver our products with integrity.

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